Jeffrey Gould Files Form 4: Large Disposal and Small Buys at ~$14.96

Rhea-AI Filing Summary

BRT Apartments Corp. insider filings show significant activity by Jeffrey A. Gould, who serves as President, CEO and a director. The Form 4 reports an indirect disposition of 526,887.807 shares and two small purchases: 4,478 shares on 08/11/2025 at a weighted average $14.9396 and 3,468 shares on 08/12/2025 at a weighted average $14.9637. The filing notes these holdings include shares acquired through the issuer's dividend reinvestment plan.

Following the reported purchases, the filing shows 4,040,400.3592 shares beneficially owned indirectly by Gould Investors L.P. The Form is signed on behalf of Mr. Gould by an attorney in fact on 08/13/2025. Explanatory footnotes identify several indirect ownership vehicles (family foundation, trust, LLC, and the LP).

Positive

• Insider purchases recorded: 4,478 shares on 08/11/2025 at a weighted average price of $14.9396 and 3,468 shares on 08/12/2025 at $14.9637
• Substantial indirect ownership retained: Gould Investors L.P. reported beneficial ownership of 4,040,400.3592 shares after the transactions

Negative

• Large disposal reported: A disposition of 526,887.807 shares is listed on the Form 4 (no date or price provided for that disposal line)
• Officer and director involvement: Transactions were reported by Jeffrey A. Gould, who is President, CEO and a director, making the large disposal particularly noteworthy

Insights

Corporate Governance Expert

TL;DR: CEO/director reported a large disposal and small subsequent purchases; material for governance and insider activity monitoring.

The filing documents a large disposal of 526,887.807 shares alongside modest purchases totaling 7,946 shares over two days at prices near $14.94–$14.96. As President, CEO and director, Mr. Gould's transactions are notable because they change his indirect holdings and involve multiple related entities, which can affect perceptions of insider alignment with shareholders. The Form discloses that many holdings are indirect and include dividend reinvestment plan shares, and the filing was executed by an attorney in fact on 08/13/2025.

Securities Analyst

TL;DR: Insider activity combines a large reported sale with small buys; impact depends on context not provided in the filing.

The record shows a reported disposition of 526,887.807 shares and two purchases (4,478 and 3,468 shares) executed on 08/11/2025 and 08/12/2025 at weighted average prices of $14.9396 and $14.9637. After these purchases, Gould Investors L.P. is shown as indirectly owning 4,040,400.3592 shares. The filing provides transaction prices for the purchases and explains that holdings include shares from a dividend reinvestment plan; it does not provide a date or price for the large disposal line. Without additional context (e.g., total shares outstanding or purpose of the disposal), the market impact cannot be fully assessed from this document alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

GOULD JEFFREY

(Last) (First) (Middle)

60 CUTTER MILL ROAD, SUITE 303

(Street)

GREAT NECK NY 11021

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BRT Apartments Corp. [ BRT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PRESIDENT AND CEO

3. Date of Earliest Transaction (Month/Day/Year)
08/11/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								24,508.303(1)	I	By Gould Shenfeld Family Foundation(2)
Common Stock								0.575(1)	I	By Gould Family Trust(3)
Common Stock								30,277.015(1)	I	By 130 Store Company LLC(4)
Common Stock								526,887.807(1)	D
Common Stock	08/11/2025		P		4,478	A	$14.9396(6)	4,036,932.3592(1)	I	By Gould Investors L.P.(5)
Common Stock	08/12/2025		P		3,468	A	$14.9637(7)	4,040,400.3592(1)	I	By Gould Investors L.P.(5)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes shares acquired though issuer's dividend reinvestment plan.

2. Reporting person is a director of the Gould Shenfeld Family Foundation. Includes shares obtained through issuer's dividend reinvestment plan.

3. Reporting person is a trustee of the Gould Family Trust, which owns these shares. Includes shares obtained through issuer's dividend reinvestment plan.

4. Reporting person is a manager of 130 Store Company LLC. Reporting person disclaims a beneficial ownership of these securities to the extent he does not have a pecuniary interest therein.

5. Reporting person is an officer of the managing general partner of Gould Investors L.P. These shares represent all shares of the issuer owned by Gould Investors L.P., including shares in which the reporting person does not have a pecuniary interest. Includes shares obtained through issuer's dividend reinvestment plan.

6. This transaction was executed in multiple trades at prices ranging from $14.86 to $14.9396. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

7. This transaction was executed in multiple trades at prices ranging from $14.895 to $14.99. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

Remarks:

	/s/ Jeffrey A. Gould by Isaac Kalish, his attorney in fact	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did BRT (BRT) report for Jeffrey A. Gould?

The Form 4 reports a disposition of 526,887.807 shares and two purchases of 4,478 shares on 08/11/2025 at $14.9396 and 3,468 shares on 08/12/2025 at $14.9637.

What is Jeffrey A. Gould's role at BRT and how were the transactions signed?

Jeffrey A. Gould is listed as President, CEO and a director. The Form 4 was signed on his behalf by his attorney in fact, Isaac Kalish, on 08/13/2025.

How many shares does Gould or his related entities beneficially own after the reported trades?

The filing shows 4,040,400.3592 shares beneficially owned indirectly by Gould Investors L.P. after the reported purchases.

Do the filings indicate whether the shares include dividend reinvestment?

Yes. Footnotes state that certain reported shares include shares acquired through the issuer's dividend reinvestment plan.

Which related entities are cited as holding shares on behalf of the reporting person?

The filing identifies Gould Shenfeld Family Foundation, Gould Family Trust, 130 Store Company LLC and Gould Investors L.P. as indirect holders in footnotes.